The Latest: Woodstock 50 in talks with alternate venue

A principal organizer of the Woodstock 50 festival says he and others are in discussions with another venue to host the event after Watkins Glen International pulled out.

Gregory Peck said organizers "look forward to sharing the new location when tickets go on sale in the coming weeks."

Earlier Monday, Watkins Glen issued a statement saying it had terminated the site license for the festival scheduled for Aug. 16-18.

The festival has faced a series of issues since a falling-out with backer Amplifi Live in April.

The festival announced last month that investment bank Oppenheimer & Co. had signed on as a financial adviser to pull money together.

The tentative lineup includes Jay-Z, Santana, Miley Cyrus, John Fogerty, Dead & Company and Imagine Dragons.

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5:10 p.m.

The fate of the Woodstock 50 festival is further in doubt after Watkins Glen International announced it's not hosting the anniversary event.

Watkins Glen issued a two-sentence statement Monday saying it had terminated the site license for the festival "pursuant to provisions of the contract."

A representative of the festival says a comment will be issued soon.

The festival scheduled Aug. 16-18 has faced a series of issues since a falling-out with backer Amplifi Live in April. Woodstock co-founder and 50th anniversary festival organizer Michael Lang filed a lawsuit against the investor.

The festival announced last month that investment bank Oppenheimer & Co. had signed on as a financial adviser to pull money together.

The tentative lineup includes Jay-Z, Santana, Miley Cyrus, John Fogerty, Dead & Company and Imagine Dragons.